3448 E Michigantown Rd, Michigantown, IN, 46041 | $276/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3448 E Michigantown Rd, Michigantown, IN, 46041 | $276/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Michigantown at 3448 E Michigantown Rd, Michigantown, IN, 46041 generates $1,176/mo in rent and, after a $734/mo payment, leaves $276/mo in cash flow. Total monthly income is $1,176/mo, and annual cash flow is $3,309/yr on $49,725 invested. Return on cash invested sits at 26.56% in year one, and rental yield is 9.41% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 138.29% and total cumulative return in cash sums $68,766. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,176/mo property income rather than buyer’s personal income.

Single Family

Built in 1920

0.82 Acres lot

$N/A/sqft

No HOA

More details about the property

Country location with a little bit of land. The american dream! This home offers 3 bedrooms, 2 on the main level and a 3rd on the upper half story. The upper level bedroom has knotty pine walls, hardwood floors, a window seat, and a wall of built in drawers. A compact kitchen has a corner sink and the area leads into a spacious dining room that is adorned with laminate flooring. A woodburning stove sits in one corner and is sure to keep you warm on a cold winter night. At the front of the home is an enclosed front porch area and spacious living area. The highlight of this property is likely to be the garage space! Over 900 SF in an attached garage, approx 22x44 with 2 overhead doors and space to pull in 3 cars. There is also exra workshop space and an attic for storage over a one car bay. A detached 1 car garage as well. The hobbyist will love all of this room. A level lot with almost an acre. Many mature trees.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46041, Frankfort, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,792 (100%)
Owner Occupied HU	6,307 (64.4%)
Renter Occupied HU	2,766 (28.2%)
Vacant Housing Units	719 ( 7.3%)
Median Home Value	$177,745
Average Home Value	$249,421